Abstract: The present invention is a current limiting fuse device for protecting a power semiconductor element for use in a large current device such as DC-AC or AC-DC converter from overcurrent. The current limiting fuse device includes an outer casing filled with a cooling and insulating oil, a cylindrical body immersed in the cooling and insulating oil having sealed therein a hollow fuse element with an arc suppression agent, and a pair of conductive terminal holding fittings each conductively coupled to a respective end of the hollow fuse element, secured to the respective ends of the cylindrical body at one end so as to allow the cooling and insulating oil to pass through an inner bore in the hollow fuse element, and projected from said outer casing at the other end.